OTCPK:NNVUF - Post by User
Comment by
maypeterson Mar 15, 2020 12:44pm
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Post# 30809615
RE:RE:RE:Bought Today
RE:RE:RE:Bought TodayYou hit the nail on the head.
I picked up a bunch when it went under $33. SargeX wrote: Hey Charlie
I sold my 3200 shares right away at $36.48 (one of my investment rules for take-over annoucements) but have continued to follow it. It sure does seem strange to see it get hit so hard. All I can think of is that some people think the deal might not go through or that some people are in desparate need of cash to cover margin somewhere else or that the automated trading and ETF selling is causing it.
Ahh, that's it. Didn't realize it until just now. It's the ETF selling. I just checkerd ZRE as an example, and NVU is a 4.77% holding. I bet other ETFs have it as well.
I have some extra cash and I think I'll pick up 1000 shares. If it goes over $35 quite quickly, I may sell, Worst case is hold until Sept.
Thanks for tiggering my line of thought.
Ciao
Sarge
fatcharlie wrote: Yup, loaded up this morning @32.75. This is a gift because the buyout package is over $36 and we continue to get a dividend until it goes through. Not sure why anybody would sell but there you go a lot of nervous nellies out there.